Bitcoin Forum

I used to use USD tether all the time and still using it for trading purposes and liquidity purpose but recently we have seen a FUD or may be truth that SEC may have issue against them although they clarified that they are running it under registered business etc etc. Is tether risky from that purpose? Even if SEC warrant something like XRP, what will happen to Tether?
What about another alternative stablecoin?

Any of them could really be sued out if SEC would have an ample time to make mess with everything they do interest on.This is why when it comes to assurances then its neither a typical project or stable coin would
really be in problems if they do tend to stir it out.
Aside from Tether i havent tried to make use of another stable coins as well but since you do look for alternative then there are various coins which are existing.
(TUSD)
(USDC)
Dai (DAI)
Paxos Standard (PAX)

I'd guess that GUSD could be properly backed, hence OK-ish.

But all in all, each stable coin is as good and legit as its issuer and you have to trust that issuer.
What crypto taught me in the last years is that best is to trust no one, hence there's no perfect stable coin.

And "best" depends a lot by your use case. If you use Binance a lot, it can be BUSD, for example.
If you just move value from one place to another quick, Tether is just fine, usually, since it's accepted by most (but I wouldn't hold it for hours).

Holding USD* stablecoins is imho useless, for such job there are for example gold-backed stable coins that may do the job better.

Al in all, it depends by your use case. I don't like any of the USD stable coins and especially Tether cannot be trusted (and imho should be delisted by most).

Except USDT would be good.

I believe USDC already enough, just avoided USDT because they are not really backup with fiat maybe just around 65-70% backup by fiat the rest was printed from Bitfinex without backup by fiat.

And, some rumor USDT (Tether) can be freeze.

^ You have to be careful with Tether, you can learn about the case that XRP has experienced because the SEC still has complete control over the future of cryptocurrencies in the US. for now USDC, BUSD, and PAX I think are the best.

I use to keep USDT actually but this time that SEC is up to regulate, I guess this is a threat to centralized coins.
Tether could be the next target of SEC and worse is that the timing could happen when there will be bear market and that people who have converted their BTC to USDT will be frozen. There goes your funds worth for your retiring days. I'd be very delighted to just exchange your money with DAI.

it is not just rumors, they can cancel any transaction, which is really scary, and they lied about the backed amount, until Tether’s own lawyer  admitted in court that only 74 per cent backed by cash and cash equivalents.

The Tether FUD is one of the FUD that we have seen that's still going and that's why I'm not getting into it although it is undeniable that it's the most liquid stable coins.

It will be stopped and could also be delisted in most exchanges. That's the first idea that I can see and the worst is that SEC would be able to frozen all the funds in exchanges that have Tether so no transactions will happen.

Most, if not all centralized stablecoins can be frozen. I think I remember reading somewhere where PAX stablecoin had a backdoor to freeze or seize the asset.
I think I would go with a stablecoin with a more decentralized approach which is DAI, it's governed by MakerDAO

This is getting more popular and you are right about it. Dai is getting higher usage and this is because is playing the role of decentralized stable coin. Most user enjoy the Dai project for liquidity.

USDC endorsed by Gemini, Binance, and Coinbase, I don't really see how things can go wrong with that one!

Everyone has the same function and the same balance point and in this case we can consider the most famous Tether UDST. In general, none is better than the other, but fame shows more fluidity in the market. Gemini is also famous and detains a large number of conservative and cautious investors.

Each chooses his own.

Obiously with XRP going through a lot of bother there has been news circulating.

I saw that with USDT not being 100% backed by Fiat they may be subject to some trouble too.

Even romours of this scare me enough to stay away.

Could anybody clear this up?

I wonder why nobody has mention Doge it has been the same for a very long time only small movements even if the market is in chaos.(LOL)
But here is my serious answer I think the best stable coin would be USDT.

Alternative would be USDC since they are rumoured to partner with VISA if i'm not mistaken and that kind of adding up some legitimacy to their coin and would be a great alternative stablecoin than USDT. also, Binance USD since it comes out from an exchange thats well known and more likely not to run away with dem money or just because of SEC.
However, there's no real safe stablecoin since they are all owned by some private business so always expect to get updated on latest news.

Guide: Stable coin economy (https://bitcointalk.org/index.php?topic=5267895.0)
Top 10 stable coins in 2020 (https://bitcasino.io/blog/cryptocurrency/top-10-stablecoins)
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets (https://bitcointalk.org/index.php?topic=5204055.0). Stable coins are risky as most of them are centralized and government, regulator agency can send orders to freeze stable coin in your wallets.

DAI is decentralized and you can consider it if you care about the aforementioned risk and advantages of decentralization.

I also trusted that stable coins when I can't withdraw some ETH because of the limitations on our local exchanges. I first convert it to USDT to stop the amount from decreasing if something went wrong with the ETH price in the market overnight. last year I don't have any problem with that and it all going smoothly and conveniently when I'm starting to convert it again to be sent to our local exchange. I can't say about it this year since they don't have that kind of problem last year. maybe you guys need to consider looking for another stable coin so that you will not cry when USDT suffers like what XRP does.

Look for stable coins that are not registered in the US, because all coins that are registered in the US will definitely have the same risk as happened to XRP

The only possible scenario to happen if US will be forcing tether to acquire the banking license as a requirement to run the stable coin. if you are wanna trying the best stable coin and you can try BUSD or USDC caused by both issued by the famous companies. Both were safe. You could use tether for only to did a short term transactions but my holding was 80% in tether form.
It's caused by it already supported by some chains.

In my opinion usdt is the best. People have faith in it. TETHER is currently the most TRADE, STABLE COIN. And so I would consider usdt to be the best.

Just what I have thought no one here fully trust USDT I personally don't trust this one I've heard some humors that anytime it can be worthless, I'm not quite sure about that but I really think we should careful with that one.

This SEC issue with XRP, that was how it started, first as a fud and while many ignored, some other people sold to be safe, and finally it turned out to be true and till date the case is yet to be solved. Therefore in my own opinion, even though USDT has grown so much, if the fud turns out to be true, they will most likely face the same fate with XRP, in the case of XRP the price fell, and as such when it gets to USDT the price will most likely fall as well, because there will be massive sell off. Also, since USDT isn't the only stable coin, it will give other stable coins the chance to gain more, hence I don't think many major effect will be witnessed.
Furthermore, to the best of my understanding, USDC seems to be the next in line after USDT that is to say, it should be the best if the fud turns out to be true.

Literally dozens. But USDT has been the 1st stable coin, and as such, it's most (dis)trusted of them all.
DAI would be a good alternative, but it has been unpegged from $1 before, so there's that.
Personally, USDC is my fav

In my opinion, the most secure are decentralized stablecoins, such as DAI. But they are more suitable for holding than trading due to the fact that not all coins are traded in pairs with them and they have low liquidity. This is because traders still do not understand the difference between centralized and decentralized stablecoins.

Long before I was using USDT for keeping my profit safe after my full day trading session, But after the red flag was raised on the Tether (USDT) questioning that it was not 100 backed with fiat/dollar. I was doubting already thats why now I was using BinanceUSD or BUSD for the same purpose I believe it's more stable and safe because it was guaranteed by Binance itself.

I would suggest usdc because it comes from one of the biggest and reputed group in this business and also they are soon initiating an IPO to list at an American stock exchange so i think this is the most legit and compliant stablecoin in the market at the moment.

I think Tether best stable coin for me because this coin very helpful for little trader. This is very long i have been used USDT for trading as well so you can comfortably try it. Therefore some people here with different mind so you have should different thinking for making profits on your road.

In terms of their technical and functional characteristics, they are more or less similar. I believe that the choice of how to keep your assets should fall on those stable coins that do not have problems with the law. Indeed, in fact, this is the only factor that can destroy a stable coin project. By the time Bitfinex already had problems with the law, everything was settled. Nevertheless, for a certain time USDT cost less than $ 0.6. Where is the stability?a

As always the definition of best varies among people, it seems you are worried that the SEC could take a more harsher stance against stable coins in something similar to what we are seeing with XRP and I believe that you are right, as such any centralized stable coin is probably going to be affected in the future if the SEC decides to attack them, so what it is the best solution? I do not know much about it but DAI is a decentralized stable coin and it could be a good option for those that want to prepare in the case something like that were to happen.

If you mention the best stablecoins, of course almost all stable coins have striking similarities, namely the price is not fluactic (stable) compared to bitcoin or other altcoins, but among the many stablecoins, of course usdt is the king of stablecoins today and we know that usdt was created as alternatives to currencies and stablecoins (usdt) serve as reliable safe haven assets amid volatile markets

I often use USDT, only to move assets (reward bounty) from an exchange, although not quite safe and controversial, USDT is quite available on many exchanges. There are many types of stablecoins to choose from, we also have to know what supports them. Some are supported by fiat, commodities such as gold, etc. when it comes to assets, we have to do an in-depth analysis, and make sure to understand correctly what the function of the stablecoin itself is.
https://i.postimg.cc/cJgF4YnC/stable-coin.jpg
_{source: https://download.blockdata.tech/blockdata-stablecoin-report-blockchain-technology.pdf}

Tether is stable coin, there will not bo like XRP that fall sharply when SEC accussed them. I actually comfortable to use USTD (tether) for all my trading plan. Indeed there is another dollar but I don't know maybe USDT is more old than another I still use it.

If SEC filed a lawsuit against USDT I don't think anything bad will happen until we lose our money in USDT. Maybe slowly many investors will leave USDT if the problem is so complex and move to USD which really has a good reputation. But if there is no accusation from SEC I think USDT is a good stable coin or a stable coin that being used by most crypto user.

USDT is a lot of controversy, there is an alternative as well as a stable coin which in my opinion is the best, which is very feasible to use for transactions in cryptocurrency

1. Dai: (DAI) is a decentralized stable coin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stable coins, Dai is not supported by USD in a bank account. Rather, it is supported by a guarantee on the Maker platform.

2. USDC: USDC is a coin that is included in the stablecoin category launched by Coinbase. USDC is also referred to as the digital dollar because the value of 1 USD Coin is always the equivalent of 1 United States dollar. USDC is an ERC-20 token that allows users to make payments, loans, investments and trades.

3. PAXOS: (PAX) The company, Paxos Trust Company, LLC based in New York, in September 2018 then created a USDT-like stablecoin, called Paxos Standard (PAX) using the Ethereum blockchain. It's just that the company wants to play officially and legally, getting the blessing of regulators in the United States, in this case the New York Department of Financial Services (NYDFS).

4.BUSD: Binance USD (BUSD) is a USD-backed 1: 1 stable coin issued by Binance (in partnership with Paxos), Approved and regulated by the New York State Department of Financial Services (NYDFS), BUSD Monthly Audit Report can be viewed from the official site. Launched on 5 Sep 2019, BUSD aims to combine dollar stability with blockchain technology. It is a digital fiat currency, issued as ERC-20 and supports BEP-2.

those are some alternative options besides USDT, lots of the best stable coins, but in my opinion that's all I believe at the moment

At the moment I used USDT, because in accordance to what I did in trading activity anyhow I got earned twice or more every week in altcoins using this trading pair. Then, second ETH something like that. But it doesn't matter what trading pair it is, but for what matter most is you earn every time you made a trading activity in the platform.

I don't really understand the stability of the other coins, but the issue of USDT issues has been around for a long time. in fact, information such as only 70% USDT backed up real money is already an issue that can destroy USDT. however, until now I still continue to use USDT for my purposes. however, I never hold back in the long term the USDT I have. given that there is quite a risk, I choose to deposit my assets in the bank or use USDT as needed.

Use mSTABLE

The number of stablecoins in circulation is not that large, so it is very easy to determine which is the best stablecoins. There are several stablecoins
that I usually use, including USDT, USDC, BUSD and DAI. Of all the stablecoins I use, I think USDT is the best, because USDT is the most popular
compared to other stablecoins. So it's no wonder USDT has the highest volume compared to other stablecoins, even the volume of USDT can beat
Bitcoin based on the data I got from CMC sites. Another advantage of USDT is that it is listed on almost all exchanges and wallets, this makes it easier
for USDT users to move their funds elsewhere, don't need to convert into other coins first.

Now I use USDT TRC20 because of the cheap transaction fees. I usually use ERC20. However, nowadays the high transaction fees from ethereum have made me opt for another more efficient option. do not want to make a lot of costs for money transfers. I think many people agree with me too. we all know this 2 month ethereum fee is very high

Yes definitely risky. This is gonna be a big fud later on, it's a long time file against tether and they just now gonna be put in check. I'm not sure what will happened on tether but definitely some will disable trading pair of this. Like what happened on xrp. However that's still not sure.

But Binance give a hint few days ago. When they open a perpetual contract trading via busd.

https://www.binance.com/en/support/announcement/3d974ead7acf447bab862e795ee832bb

What could it means of opening this pair? Well we all knew that the volume goes more on usdt. From that we could say they also make some preparations if ever worse have come to tether.

I don't quite sure how do they create stable coin or what could be the concept for that however what I currently using is Binance USD (BUSD) Since I'm trading on their platform thought there's USDT on it I heard speculation about it.

USDT is the dominator in the market, that's right. However, the best stablecoin is one that has no legal problems and is available on the widest range of exchanges.
Despite the problems with the first point, USDT is wildly popular compared to others, which means that it is not yet worried about anything.

I can't give up Usdt completely, but I'm trying to switch to analogs, specifically BUSDT and DAI.

There are many popular stablecoins and therefore you can choose any stablecoin from this list, for example, I have been using USDT for a very long time and I have not had any problems with USDT, I can also recommend you to use the stablecoin BUSD, this stablecoin is also very popular.

Again, SEC started this bad news again, probably will be again watching for other cryptocurrencies again besides XRP and also USDT.
I also always use USDT for pairing because this is the easiest and most used. However, let's see for the final decision and what happened to the future. Will SEC really act again to against more cryptos that are considered having problems. And this is not a small coin, this is one of the top coins.
If USDT is really forbidden, I think I am also going to search for the other stable coins like DAI maybe,

Tether coins have a lot of opportunities, but their coins are mixed with so much bad news. If I find any problem with the Tether coin, then I will trust DAI or Binance USD. Now so many traders are using USDT for its cost and TPS. TRC-20 USDT coin is helping us to free trade, although so many centralized exchanges still set the high transaction cost.

USDT and USDC are good stable coins, yes if you choose USDC then you will be safe,
because it is far from FUD, but in USDT there is a lot of controversy, because USDT has awkwardness,
but don't be afraid, there is already a lot of USDT liquidity in the market, I'm sure the coin is stable it will always live with us

Frankly speaking, all popular stablecoins equally good for you if you only use it for transferring money or just to buy some cryptos  but holding it in that form for long might be problematic though there's no history of massive stablecoin scam but you should be aware that stablecoins are not decentralized and owned by someone.

IMO, it's usdc that's reliable because its partner is some big company. USDT asset is not really transparent and that could be worrisome. However, if you just use it for the things I mentioned above, just use the one with biggest market volume and accepted anywhere, that kind of stablecoin is just too big to fail or to make an exit scam otherwise the authority will go after them.

There are decentralized stablecoins like DAI and more secure than others I think.

You are absolutely right, if any of them becomes a scam maybe it will wake people from sleep. Look, USDT is ranked 3rd and has a volume of almost 30 billion, also millions of new USDT are printed every week. I always wondered what would happen to USDT in the end.

If you ask me, I will always go with USDT. I really enjoy trading with USDT, but a few days ago many people were saying USDT is not a safe investment, I don't know why people are talking like this. I am still trading with USDT and I'm happy with this. I think USDT is the best stable coin in the altcoins market. Because the price is reasonable and easy to trade with others. Anyway, this is only my opinion, I don't know what people think about USDT.

USDC is my first choice when I need a stablecoin now. I do not trust USDT very much and DAI has still a low volume compared to other stablecoins. USDC is mostly everywhere and can be used without issues. If I should entrust large sums I would definitely go for USDC rather than Tether (which is always ready to be slashed by the us gov).

I often transfer funds with stablecoin and I always use USDT...
USDT has 3 blockchains that are Omni, erc20, and trc20. I always send my funds from one exchange to another with trc20 based USDT. *not USDT supporters only active users

USDT is the best, it's well popular and active on three different blockchain platforms including Tron, even if gas fee becomes a problem you can use Tron network instead, also this stable coin has the highest gas fee and liquidity, if this coin can't be trusted binance won't use it and also other top exchanges

Opportunities never come all the time, either grab it or wait for the next time. We can withdraw USDT without any cost. DAI, Binance US and Tether are good stable altcoins. I couldn't see any zero withdraw fee without USDT stable altcoins. Overall, Tether blockchain is the top altcoins with low transaction cost.

Bad projects or coins don't hold a certain position for a long time but USDT keeps topping the rank of the best stable coin, it has the highest liquidity and trading volume as well on many top exchanges, even low exchanges lists usdt, it's way better for me than other stable coins

Despite the fud USDT still rules the stablecoin market so basically market thinks that it is legit and also everytime they have proven that they are backed genuinely by fiat bank accounts so i do not see any real problem other than fud. Usdc is also great and its volumes are growing simply because some people think it is safer alternative to usdt.

there is issue that SEC will target Tether for the next after XRP. And if this happens I am sure it will be not good. I personally really  often use USDT as the stablecoin in trading. If Tether is getting problem, what happen also with other stablecoins?

If you look at the data on coinmarketcap, until now USDT is still the best stable coin. Even the trading volume of USDT is above Bitcoin, this proves
the very high demand for USDT. Naturally, USDT is the best stable coin, because it is listed in almost all exchanges. Another reason USDT is worthy of
being the best stable coin is because it has made it into the top 5 cryptos, so many people prefer USDT over other stable coins.

In my opinion, the most stable altcoins right now is ETH (Ethereum)
The applications on Ethereum are run on its platform-specific cryptographic token, ether.
As of January 2021, Ethereum (ETH) had a market cap of $138.3 billion and a per token value of $1,218.59.
The goal behind Ethereum is to create a decentralized suite of financial products that anyone in the world can have free access to make a payment or transaction in cryptocurrencies world.

Stable coin rate is always vary based on country currency price, from my point of view Tether is the best stable coin compare to other countries stable coin.

Stablecoins have another huge use case: they can be used to lend/borrow on both DeFi and CeFi platforms.
If you have a look here https://www.blockfer.com/earn-interest/ you will see how much money can be made by using stablecoins to get some interest. Since banks nowadays do not give nice positive interest anymore, we can rely on these coins to get some.

SEC issue on XRP (https://trade.kucoin.com/XRP-BTC) is different and in fact, they're on the 3-day winning streak against SEC and I think that's the reason why XRP is now on its way to $0.6. Ripple price is on its way to posting a 3rd straight day of gains after an intraday violation of the 0.50650 resistance. The active candle needs to close above this resistance with a 3% penetration to confirm the breakout.

Stability in cryptocurrencies is very risky and unstable. As strange as it sounds. Yes, I use stablecoins and that's USDC PAX and DAI that's probably all. For trades, sometimes you have to change USDC to USDT because there are many trading pairs for this stablecoin.

Obviously I will go for USDT and USDC. But if I compare between USDT and USDC then I will pick USDT. It is most well known and popular till now. Most of the exchange support USDT pair. We can transfer it through different platform like Erc20, Trc20.

USDT all the way and it's good that USDT isn't available on Ethereum only, this present gas fee issue would have been a big mess for someone who like storing funds using USDT on Tron network, also I believe that centralized stable coins are better, some might say no to this but not me, SEC can go after these centralized stable coins easily

Use a stable coin with a low fee. on the ethereum network now I check the average exchange has a Fee of up to 20 $. This is a disadvantage if we have to spend money to send money with high fees. since 6 months when sending money I used a lot of Stable coins with the Tron network. Tron fees are much cheaper than Ethereum. of course this is an advantage in itself if we can save more costs

I trust USDC and BUSD (Binance USD) most.

While I don't like Tether, USDT de facto standard for stable coin trading in most exchanges, let's hope that the SEC will not bring it down next month after the 30-day explanatory notice they gave it.

I didn't face any problem till now, i use teher for usdt and found itself as best stablecoin in whole crypto industry.but i know about those issue which also makes me confused even force me to think twice about teher usdt before using it cause they printed usdt whenever they need without having any proper backed with fiat.moreover translation could cancle as well as fund get freezed, may headache of Crypto user.so why should people get worried when busd, usdc or decentralize crypto dai may good choice instead of teher usdt

Under the terms of the agreement, Bitfinex and Tether do not admit wrongdoing, but will pay $ 18.5 million and submit quarterly reports describing the composition of Tether's reserves for the next two years.

Contrary to online speculation, it has not been established that Tether ever issued [USDT] without support or manipulated crypto prices.

But this is still a big blow to Tether and I hope the consequences are not catastrophic, because it is definitely one of the best stablecoins for me.

All stable coins have the same mission for me, when you realize something is going wrong, you should invent stable coins. But to tell the truth, USDT is the most popular stable coin among others, and as you said this stable coin has a great reputation. Sometimes there can be a little price changing among stable coins, however, l think USDT is most trusted by investors.

USDT remains as the best stablecoin in the world, because of its high liquidity and widespread acceptance in the mainstream world. The stablecoin has the biggest market in the crypto/Blockchain space, with a huge trading volume. Additionally, USDT lives on multiple blockchain networks for greater resistance against external attacks. That said, I'm against USDT's practices of freezing accounts' balances at will. This shows us the risks of a single point of failure crypto/Blockchain tech was meant to avoid in the first place. But most people don't care about this, as they prefer convenience/ease of use on top of decentralization/censorship-resistance. It's no wonder why centralized stablecoins have the most adoption in the mainstream world. Decentralized alternatives like DAI, RAI, and USDJ, will never be able to compete against their centralized counterparts in this regard.

Nonetheless, there's no guarantee that Tether will live up to its claim of being backed by the US Dollar. Imagine if Tether runs away with the money, or government regulations destroy USDT in its entirety. It could be a huge blow to the crypto market as prices for major cryptocurrencies go all the way down the drain (due to the huge dependency on USDT for liquidity). Another stablecoin like USDC or TUSD might take USDT's place in the future if this happens. Whenever it's USDT, USDC, TUSD, or BUSD, every stablecoin has one thing in common. And that is serving as a gateway between the world of crypto and Fiat. Who knows what will happen in the future with the stablecoin industry as governments devise new laws that could either spur its growth or destroy it? Just my opinion :)

Well, I also used to use USDT mostly all the time I needed to convert my crypto or fiat money to a stable coin until their issue with SEC arised, people shifted attention from USDT and now, I know that most people make use of USDC and some DAI, I personally make use of USDC since I stopped using USDT, but I've read and heard countless people say that DAI is the best stable coin in crypto at the moment due to the fact that it's decentralized and all that.

most liquid/liquidity yes due to its popularity but most stable ? How come when all he compares are also stable coins so they should have the same value .

Does usdc and busd don't have fees ? that's notice if they haven't and this can be their chance to shine because usdt is always on the spotlight but it's brothers and sisters are left behind and we often mistaken that there is a problem with them but actually none so we never have the chance to try them .

The best-selling stabicoin and the choice of most people is USDT, which has a very stable price and does not go up or down even though it only happens a little and will return to stability and minimize the risk of loss.
Apart from the most popular USDT, there are several stabilcoins which in my opinion are the most commonly used alternatives such as DAI, BUSD, USDC, and TUSD.

Normally I usde USDT but After Ripple has suffered by SEC it scared me about usdt.
Tether is a centralized stable coin that's why there might be possibility it will get affected by SEC and freeze our funds.
If you use Binance exchange then it is better to use BUSD instead of Tether. on the other hand, you can use USDC or DAI on the varies of your exchange.
Remember, any centralized stable coin can be freeze our funds but DAI/SAI only one coin which is not freezable.

No doubt, Tether (USDT) is the best and most widely used stable coin.  Recently Bitfinex Repays Tether $750 Million Loan, Ending Crypto Market FUD (https://cryptobriefing.com/bitfinex-repays-tether-750-million-loan-ending-crypto-market-fud/) and now there should be no fear in keeping the funds in USDT.

Binance seems to be taking over everything so BUSD has to get some respect.

Tether is only the "best" stablecoin because of the coin's market cap, and widespread adoption among a vast number of projects in the crypto/Blockchain space. But its legitimacy is to be questioned, due to Bittrex's (the issuer of Tether (USDT)) lack of transparency. What if Bittrex decides to run away with the money in the future? Or what if governments begin to crackdown on Bittrex itself? It'll be the end of Tether as we know it.

For what I know, there are far better options out there on the market that are backed by renowned companies in the industry. One of those options is USD Coin. The stablecoin is transparent and backed by Circle and Coinbase. It may have a lower level of adoption than Tether (USDT), but that could change soon as crypto/Blockchain tech becomes more popular in the mainstream world. Who knows if USDC replaces USDT sometime in the future?

Nonetheless, stablecoins hold good promise of bringing the world of Fiat into crypto. The best ones are those which comply with government regulations. You can rest assured that your investment will be safe with a stablecoin that's backed by a reputable company in the mainstream world. At the end of the day, all stablecoins serve the same purpose. And that is bringing the benefits of the US Dollar without the need for a bank account. Who knows what the future holds for the stablecoin industry? Just my opinion :)